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đ What happened in Crypto in the last 12h? đ ⢠US Federal Reserve cut its interest rate by 25bps to a range of 4.50%-4.75%. Jerome Powell also said he would not step down from his post if President-elect Donald Trump asked him to do so. ⢠$SOL - Solana is back above $200 for the first time since March. The high for the year was $210 in March. Solana's ATH is $260 in 2021. ⢠$HSK - Hashkey Group's governance token, $HSK, has announced that it will list on November 26th. ⢠$RAY - Coinbase Int. has announced the $RAY-PERP market, which will begin on Nov 14, after 9:30AM UTC. ⢠$MANEKI - Wintermute has purchased the memecoin 266m $MANEKI (~$2.4m). Recently, Wintermute's meme coins $GOAT #MOODENG $PONKE were listed on Binance. ⢠$AVAX - Reports are emerging that BlackRock tokenization fund BUIDL may launch on Avalanche. The Avalanche-based BUIDL contract has already been activated and $1m has been deposited. ⢠Story Protocol has announced its final testnet, Odyssey. Users can mint Odyssey badge NFTs celebrating the final testnet launch. ⢠$JUP - A user posted a proposal on the Jupiter DAO to use LFG as a memecoin launchpad. ⢠$TURBOS - Turbos Finance in the $SUI ecosystem has launched Turbos.Fun, the Sui version of PumdotFun . ⢠$FLOKI - Floki dropped a leaked image of Vallhalla and also announced that the game will be released in 3 weeks. Vallhalla is Floki's MMO RPG.
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⥠Jerome Powell (Chairman of #FED ): â The economy is strong. â The labor market remains stable. â Inflation has decreased significantly. â Consumer spending growth remains robust. â Inflation is confidently moving towards the target of 2%. â The Nonfarm Payrolls report would have been better if not for the hurricanes and strikes. â Wage growth has slowed. â Conditions in the labor market are now less tense than before the pandemic. â The labor market is not a source of inflationary pressure. â The risks to the Fed's dual mandate are balanced (inflation/labor market). â The Fed's rate cut will help maintain sustainable economic growth. âď¸The elections will NOT have any impact on the Fed's monetary policy in the near term. â Any new fiscal policy by the Administration or Congress could have significant implications, and the Fed will take these into account. â The growth in government bond yields is currently NOT RELATED to rate expectations. It is a question of supply and demand. â US macroeconomic data improved after the September meeting.
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#FEDđź Bloomberg : US Stocks Rise Ahead of Fed Meeting (S&P 500 +0.5%) Consensus forecast â decrease interest rate by 25 bp. All investors' attention will be focused on J. Powell's speech - the future trajectory of the Fed's monetary policy + what the return of Donald Trump means for economic growth and inflation.
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𤨠CZ offered to sell controlling stake in Binance - Bloomberg âŤď¸Who wanted to buy Binance shares and for what amount is not disclosed. But Changpeng Zhao "does NOT intend to hold them forever", so he will consider all offers to buy. âŤď¸The founder of the exchange's fortune increased by $12,000,000,000 after the US elections. âŤď¸Changpeng Zhao is currently an ordinary shareholder of Binance and has no plans to return to a leadership position.
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- FED: Expected to cut rates by 0.25% today - Trump Tax Cuts: Could boost earnings by +4% (says Goldman Sachs) - China: New stimulus announcement tomorrow And we're only a month away from a potential Santa Claus Rally...
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Ultime notizie
Ethereum(ETH) Drops Below 2,900 USDT with a Narrowed 3.24% Increase in 24 Hours
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Social Media Platform X Achieves Record Usage This Week
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Cryptocurrency Market Shows Signs Of Greed
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Sky Protocol Retains Branding Amid Governance Vote
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North Korean Hackers Target Crypto Firms With New Malware Campaign
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